Frac Sand Market Eexpand at a CAGR of Around 7% During 2019-2024- IMARC Group

Global Frac Sand Market Research Report and Forecast

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Report Description Global Frac Sand Market Overview:

According to the latest report by IMARC Group, titled “ Frac Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global frac sand market experienced moderate growth during 2011-2018. Frac sand is high-purity quartz sand processed from sandstone. Made up of small and round particles, it is used in the process of hydraulic fracturing. Frac sand, along with large quantities of water and industrial fluids, is utilized to open the underground cracks while fracturing the shale to produce petroleum fluids such as oil, natural gas and natural gas liquids. The small perforations present on the surface become larger fractures due to the high-pressure water stream. Frac sand is employed to hold the fractures open to avoid interruption of the process of natural gas and oil derivation.

Frac Sand Market Trends On the major factors bolstering the growth of the market is the thriving oil and gas industry. Owing to the continually increasing demand for petroleum and gas, there has been a significant rise in the number of oil exploration activities across the globe. Furthermore, unconventional methods like shale fracturing are widely being adopted to extract oil and gas in a more efficient manner.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

For instance manufactures have fine-mesh frac sand that enhances the flow of the fluid while it is being released from the shale. Other factors including the cost-effectiveness of frac sand as compared to resin-coated and ceramic proppants are further creating a positive outlook for the market. On account of the aforementioned factors. The market is anticipated to expand at a CAGR of around 7% during 2019-2024.

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This consequently is driving the demand for frac sand as it is and integral part of the hydraulic fracturing process. Moreover, manufacturers are constantly engaging in research and development activities to introduce efficient and high-quality frac sand.

Key Market Segmentation: Market Segmentation by Type • • •

White Sand Brown Sand Others

On the basis of type, the market has been divided into white sand, brown sand and others. Amongst these, white sand represents the most preferred segment, exhibiting a clear dominance in the market.

Market Segmentation by Application • •

Oil Exploitation Natural Gas Exploitation

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Others

Based on the application, the market has been segregated into oil exploitation, natural gas exploration and others.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

On the geographical front, the market has been categorized into North America, Asia Pacific, Europe, Middle East and Africa and Latin America. At present, North America holds the leading position in the market.

Competitive Landscape

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The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • •

CARBO Ceramics Emerge Energy Services Fairmount Santrol Hi Crush Source Energy Services U.S Silica Preferred Sands Badger Mining Corporation Unimin Corporation Chieftain Sand Smart Sand Inc. Chongqing Changjiang

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